Author: Team Admin

DELHI: India’s household debt likely surged to a record in the final three months of 2024, with signs that consumers are boosting riskier borrowing, which has been a worry for the Reserve Bank of India. Household debt touched a new high of 39.1% of gross domestic product in the October-December quarter, up from 36.7% a year ago, estimated economists Nikhil Gupta and Tanisha Ladha of Motilal Oswal Financial Services Ltd in a report earlier this week. The figures are higher than the previous peak of 38.6% in the Jan-March period of 2021. And while household debt is estimated to have…

DELHI: Budget carrier IndiGo’s decision to acquire wide-body planes augurs well for the Indian aviation industry as international long-haul routes are comparatively more profitable and will also help in creating an aviation hub in the country, according to rating agency CRISIL. Till January last year, IndiGo operated single-aisle Airbus aircraft fleet and in February 2023, it started operating wide-body Boeing 777 wet-leased from its codeshare partner Turkish Airlines. Currently, the airline has two wet-leased B777 operating flights to Istanbul from Delhi and Mumbai. On Thursday, the country’s largest airline announced placing a firm order for 30 wide-body Airbus A350-900 planes,…

DELHI: Patanjali Foods Ltd, which is mainly into edible oils, on Friday said it will evaluate a proposal to acquire the non-food business of promoter group Patanjali Ayurved led by Baba Ramdev. However, the company did not mention the categories of non-food products it plans to acquire, but sources said it will consider acquiring products falling into dental care, home care, personal care categories, which contribute 50-60 per cent to the promoter’s total turnover. In a regulatory filing, Patanjali Foods informed that its board has discussed the initial proposal received from Patanjali Ayurved Ltd for a sale of the latter’s…

Goemkarponn Desk PANAJI: As the global travel and tourism industry gears up for the prestigious Arabian Travel Market (ATM) Dubai 2024 from 6th to 9th May 2024 at the Dubai World Trade Centre (DWTC), there’s one destination that’s poised to make a significant impact – Goa, India. Renowned for its pristine beaches, rich cultural heritage, and vibrant communities, Goa is set to showcase its commitment to sustainable tourism at ATM Dubai 2024 with this year’s theme: Transforming Travel Through Entrepreneurship. The Goa Tourism Pavilion at ATM Dubai will feature sustainable initiatives under the Regenerative Tourism approach which will focus on…

KOLKATA: India captain Rohit Sharma isn’t the ideal choice to lead the team in T20Is, feels former Kolkata Knight Riders (KKR) team director Joy Bhattacharjya. After months of speculation about his future with the Indian team in shortest format, having not played a T20I for more than a year following India’s T20 World Cup semi-final loss to England in 2022, Rohit return to the side for the home series against Afghanistan earlier this year in January. His first T20I appearance in over a year came after BCCI Secretary Jay Shah backed Rohit to lead the team at this year’s showpiece…

KOCHI: Kerala Blasters FC (KBFC) on Friday announced that the club has parted ways with head coach Ivan Vukomanovic as the team reached the Play-offs of the Indian Super League (ISL) 2023-24 after the team finished fifth overall at the end of the league phase. Having joined the Club in 2021, Vukomanovic has left an indelible mark on the club. Under his stewardship, the club qualified for the ISL playoffs consecutively for three years, including an ISL runners-up finish in his maiden season. The Club also recorded its highest points total, and its highest goals scored in a single season…

LONDON: Chelsea midfielder Enzo Fernandez will miss the rest of the season after surgery on a groin injury on Thursday. Fernandez has been suffering for several weeks with a hernia and struggled to make an impact during Tuesday’s 5-0 thrashing at Arsenal. The 23-year-old Argentina star will be absent for Chelsea’s last six league games and it remains to be seen if he can recover in time for the Copa America in June. Fernandez, a World Cup winner in 2022, is the latest Chelsea player to be hit with an injury setback in a dismal season for the Premier League…